Ukraine has received 90% of the proceeds from frozen Russian assets — Ministry of Finance
Ukraine has already received $45 billion, which amounts to approximately 90% of the funds generated from the proceeds of frozen Russian assets.
This was reported by the Ministry of Finance.
It is noted that during the Spring Meetings of the IMF and the World Bank, the Ministry of Finance team held meetings with the finance ministers of partner countries.
The parties reviewed the current state of Ukraine’s economy and the impact of the full-scale war on public finances.
Ukrainian Finance Minister Serhiy Marchenko thanked partners for implementing the ERA Loans mechanism—funds derived from revenues of frozen Russian assets. Ukraine has already received 90% of the financing, approximately $45 billion.
He noted that it is important to maintain dynamic and predictable international support, as active hostilities continue and Russia continues to inflict significant damage on Ukraine.
It is necessary to accelerate the creation of a fully-fledged mechanism for directing Russian assets themselves toward Ukraine’s needs. These resources should become an important source of funding for reconstruction, the cost of which will exceed $588 billion over the next decade.
Ukraineexpects the Special Tribunal against Russia to be launched as early as 2027.
Poland has officially confirmed its intention to join the creation of a Special Tribunal on the crime of aggression against Ukraine. Warsaw submitted a corresponding declaration to the Council of Europe. The final formation of the mechanism is expected in May.
Volodymyr Zelenskyy discussed the establishment of a special tribunal on Russia’s crime of aggression with the Norwegian parliament during his visit to Norway. The discussions also covered defense cooperation and new joint projects in the security sector.
